Pan American Silver Corp. today announced that Yamana Gold Inc., a wholly-owned subsidiary of Pan American, has commenced consent solicitations with respect to certain proposed amendments to the indenture, dated as of June 30, 2014, as supplemented in relation to Yamana’s 4.625% Notes due 2027 by the Fourth Supplemental Indenture, dated as of December 4, 2017 and the Base Indenture, as supplemented in relation to Yamana’s 2.630% Senior Notes due 2031 by the Seventh Supplemental Indenture dated as of August 6, 2021.

“Since transforming Newmont’s business four years ago, we continue to lead the gold sector in sustainability, profitable gold production and shareholder returns due to the strength of our team and the quality of our world-class portfolio. During the first quarter, we delivered on our expected results, generated nearly $1.0 billion in adjusted EBITDA and returned $318 million to shareholders through our industry-leading dividend framework. We remain on track to achieve our full year guidance ranges and build upon our track record of safely delivering long-term value to all of our stakeholders through sustainable and responsible mining.”

“The 2023 guidance is in line with our expectation for a material increase in silver and gold production together with lower consolidated operating costs following the acquisition of Yamana, indicative of the accretive nature of the transaction,” said Michael Steinmann, President and Chief Executive Officer of Pan American.

Luca Mining Corp. is pleased to announce that it has closed the first tranche of its non-brokered private placement announced by news release dated March 31, 2023. The Company has sold 52,412,065 units of the Company at a price of CAD$0.35 per Unit for gross proceeds of $18,344,223.

“Following up on a strong performance in 2022, we had an excellent start to the year operationally and financially. Production exceeded our first quarter guidance and costs were once again in line with guidance. All three operations continue to perform well, including another standout performance from La Yaqui Grande, the key driver of our expected production growth and decrease in costs this year,” said John A. McCluskey, President and Chief Executive Officer.

“Our commitment to advancing ESG principles and remaining a leader in safe and responsible mining holds true to our pledge to Pursue a Higher Standard as demonstrated throughout our 2022 ESG Report. As the world continues to move more towards clean renewable energy, we take pride in being a trusted supplier of precious and critical minerals for the future,” said Mitchell J. Krebs, President and Chief Executive Officer.

Carlos Silva, Santacruz’s CEO stated, “We started the year with solid production from all of our assets and are committed to improving operational efficiencies at all our mines, the San Lucas trading company and supporting areas. We are also working closely with JDS Engineering & Mining to complete NI 43-101 compliant Resource and Reserve Estimates for all our producing mines in Mexico and Bolivia, which will provide us with additional life of mine planning information. These reports are expected to be released during the third quarter of this year.”

“Prismo looks forward to working closely with the joint technical committee and the Vizsla exploration team to advance our mutual understanding of this long-underexplored, high-grade silver-gold district. We look forward to the combined Prismo-Vizsla brain-trust unraveling the geology to unlock the potential of Palos Verdes and the entire Panuco district.”

“We are thrilled to collaborate with Dr. Peter Megaw and Dr. Craig Gibson and establish this technical committee,” commented Michael Konnert, President and CEO of Vizsla Silver. “By combining our strengths and expertise, we significantly improve our odds for making additional discoveries in the central and eastern portions of the vastly under-explored Panuco district.”